ClaytonBigsby
Well-Known Member
The model for the US bankruptcy.
I know a few of you believe, as I do, that the US is on the road to collapse. The plan about to be unveiled in Detroit is to pay pensioners $.25 on the dollar, and bond holders $.22. I cannot begin to state how sad, and horrible this is for the country's old, who have paid in and expect a pension. SS is screwed, and we will not receive the money we have paid in, if we even make it to 70. How Detroit got $18 BILLION behind is unfathomable. I know many other cities (and states, eh CA?) are right behind.
What re your plans, thoughts? I;d love to hear from those who think the US will continue to prosper. Please, no partisan BS. The country was bought by corporations decades ago. It's simply a money grab now because true wealth knows what's coming.
http://www.cnbc.com/id/101425162?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=101425162|Detroit bankruptcy to ent
I know a few of you believe, as I do, that the US is on the road to collapse. The plan about to be unveiled in Detroit is to pay pensioners $.25 on the dollar, and bond holders $.22. I cannot begin to state how sad, and horrible this is for the country's old, who have paid in and expect a pension. SS is screwed, and we will not receive the money we have paid in, if we even make it to 70. How Detroit got $18 BILLION behind is unfathomable. I know many other cities (and states, eh CA?) are right behind.
What re your plans, thoughts? I;d love to hear from those who think the US will continue to prosper. Please, no partisan BS. The country was bought by corporations decades ago. It's simply a money grab now because true wealth knows what's coming.
http://www.cnbc.com/id/101425162?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=101425162|Detroit bankruptcy to ent